12 Days Later

Lets see, were only 12 days into the New Year and we already have an interesting track record predicting the political future. To start, today's NYTimes has an article (http://www.nytimes.com/2011/01/12/world/asia/12military.html) on North Korea's ability to strike the United States with an intercontinental ballistic missile within a few years. Even the defense chief Gates is alarmed.

The Pakistan chaos we spoke about has come right on schedule with the security forces clearly compromised by the Wahhabi fanatics.

China gets front page news in the Times today too (http://www.nytimes.com/2011/01/12/business/economy/12leonhardt.html?_r=1&partner=rssnyt&emc=rss) with David Leonhardt writing a very insightful piece about the problem with China being all about intellectual property theft not the yuan rate. We have been screaming about that for years.

Even Africa helped our predictive track record. There, Namibia, issued arrests warrants for attempted murder against Chinese mine managers who shot and wounded striking miners. "Yankee come home"

New thoughts: it's official 50%, of Americans are Morons! And the proof was published today for all to see. Read the link: (http://www.moneynews.com/StreetTalk/PollPublicStronglyOpposesDebtCeilingIncrease/2011/01/12/id/382557)

While 71% of the public opposes raising the already legislated and budgeted debt ceiling, only 20% want to see cuts to social security and or Medicaid. Similarly only 24% want to see cuts to education. Since these three budget items are some of the largest components of the federal budget and are increasing at the fastest rates not wanting to cut these but not pay for them is quite bluntly...moronic, silly, ignorant, ill informed...whatever.

This is where the media and political discourse over the budget has led us, a complete dead-end. I can't wait to see the financial hit the country club republicans will take when their tea party brethren cause a default on the nations bond debt. With poll results showing this level of ignorance about our countries finances a real train wreck could be on its way.